Foreign Trade Hits US $1.148 Trillion (China)

[callady]

Foreign trade hits US$1.148 trillion
By Jiang Wei (China Daily)
Updated: 2005-11-11 06:28

China's combined imports and exports hit US$1.148 trillion in the first 10 months of this year, approaching last year's total, according to the latest statistics published yesterday on China's General Administration of Customs' website.

This figure reflects a year-on-year increase of 24 per cent, where last years figure reached US$1.155 trillion.

Exports jumped 31.1 per cent year-on-year to US$614.5 billion while imports grew 16.7 per cent on a yearly basis to US$534.1 billion. The trade surplus hit US$80.4 billion.

The Department of Foreign Trade of China's Ministry of Commerce predicted that the country's trade surplus is likely to grow from US$90 billion to US$100 billion this year nearly tripling last year's US$32 billion.

http://www.chinadaily.com.cn/english/doc/2005-11/11/content_493879.htm

[movonne]

1. I guess China owns this country...

[bahrbearian]

2. Bought and paid for ...

Wait till they put it up for Auction!

[Gregorian]

3. That explains the size of the US embassy in Beijing.

Folks, get ready for the invasion. The Chinese are coming.